Breach by Developer. Any one of the following shall constitute an event of default under this Agreement: i. Failure of the Developer to fully perform each and every provision of this Agreement, provided that the same is not cured in accordance with subsection (d) herein; and ii. A voluntary or involuntary sale, assignment or transfer of any ownership interest in the Property, to a person or entity not a party to this Agreement without the written consent of the City, such consent which shall not be unreasonably withheld.
Appears in 3 contracts
Sources: Affordable Housing Policy Agreement and Restrictive Covenant, Affordable Housing Policy Agreement and Restrictive Covenant, Affordable Housing Policy Agreement